As the market wades through what many people hope is a sixth bull year, some have grown nervous about how long the run can go.
VIDEO ON MSN MONEY
US presidents have very little control over global oil prices. Could the candidate change that?
But Michele Bachmann is going to try.
"The day that the president became president, gasoline was $1.79 a gallon. Look at what it is today," she said in South Carolina. "Under President Bachmann, you will see gasoline come down below $2 a gallon again. That will happen."
Anchors Jim Cramer and Simon Hobbs tussle about whether we could be in a 'Lehman moment.'
Tensions between the two have been growing lately, and everything exploded after Cramer suggested the possibility that this could be a Lehman moment. Check out the following video.
Extreme bullish sentiment and technical indicators signal a pullback in gold and its popular ETF could lie ahead, and a covered-call strategy may be the best way to profit.
After a brief respite, stocks are plunging again. We're retesting the lows, but the bottom hasn't fallen out.
Stocks were plunging Thursday in reaction to some very poor economic data. The Philadelphia Fed Business Outlook Survey dropped to its worst levels since early 2009 as results badly missed Wall Street estimates. The General Business Conditions component dropped to negative 30.7 vs. the positive 1 analysts were expecting. Ugliness was seen in new orders, shipments and employment.
If there was any silver lining, it was that the Philly Fed and Wednesday's Empire State Index don't yet suggest the all-important economy-wide ISM Manufacturing Index has dropped into recessionary territory. Moreover, the Philly Fed survey was conducted between Aug. 8 and 16, so it was no doubt affected by the recent financial market volatility.
If markets rebound -- as I expect heading into next week's speech by Federal Reserve Chairman Ben Bernanke in Jackson Hole, Wyo., where new market-supporting initiatives will likely be unveiled -- business confidence should be restored quickly. Remember that while a new recession is still a distinct possibility, we don't have the normal preconditions. Profitability is still growing, interest rates are near zero, jobs are being created, inflation is low, and the Fed is being extremely accommodative.
In roller-coaster market conditions, yields offer investors a seat belt.
Frank Byrt, TheStreet
All U.S. equity mutual fund categories have seen large outflows this year, except for so-called equity-income funds, which took in $11 billion through Aug. 10, Standard & Poor's said. Investors are piling into the safest stocks as the U.S. economy is slowing. Thursday, Morgan Stanley (MS) lowered its forecast for global economic growth.
The firm's MarketScope Advisor unit recently highlighted its three top-rated five-star equity-income funds that are benefiting from those flows and suggests that "investors should follow suit" in their investment choices.
This spectacular blowup will create bargains in tech stocks, but wait until the dust has settled.
NetApp (NTAP) is a real blowup, and it puts the blowup right at the feet of Washington, D.C. The problem is that even without Washington, it was probably the wrong time to own it, because tech is so, so problematic right now.
You have a triple whammy against the sector now. Europe, where so much tech is sold, is going off the grid because of the debt crisis.
The U.S. is a mess -- although not going into a recession -- and government spending, which has been a big part of tech sales, is being cut, in some cases dramatically.
Finally, we have studied tech for many years, and it has rarely paid to own tech stocks before the last week of September. We are in the technology dog days, when owning the stuff is totally precarious, as those who have NetApp stock know all too well.
Investors are already reacting, and their reactions will have big effects.
By Dan Caplinger
Few weeks on Wall Street can match the craziness that last week gave investors. Four days of huge volatility, followed by what seemed like a quiet Friday by comparison with a 125-point jump for the Dow, has everyone on edge.
In the aftermath, everyone's looking for answers about what's to come. Poring through all the things that investors did during last week's roller-coaster ride yields many different insights:
- On the commodities front, hedge funds poured into gold and precious metals, but interest in other commodities like base metals and foodstuffs largely evaporated. In particular, copper saw speculative demand drop by more than 60% for the week, potentially boding ill for big copper producers Freeport-McMoRan (FCX) and Southern Copper (SCCO).
Statoil is on a roll, announcing its third high-impact discovery this year.
Sitting out the madness or rebalancing portfolios? MSN Money readers share their strategies.
Many of MSN Money's readers have recently shared what they're doing in this topsy-turvy market, and I bet their advice is just as good as any that you'd find from a professional.
On MSN Money's Facebook page, Chris S. says he has been timing major market cycles since 1980. He thinks you can time the market -- but you just can't time it on a short-term basis. "You have to educate yourself and study, and most small investors do not do that," he writes.
Worries about Pentagon cuts have hit defense stocks hard, but sentiment now appears to be turning.
The current crisis in Europe is a continuation of the financial meltdown that struck the US in 2008, says the billionaire investor, and the future of the euro depends on Germany.
By Dan Freed, TheStreet
Soros made the comments in a interview with German publication Der Spiegel, where he weighed in provocatively on several topics.
Asked to compare the 2008 crisis in the U.S. subprime market with the current European crisis, Soros said, "This crisis is still the continuation of the same crisis."
The retailer wants 'Jersey Shore' star Michael Sorrentino to stop wearing its clothes. Is this just an ill-conceived publicity stunt?
Not Abercrombie & Fitch (ANF). The apparel retailer is not happy that its clothing is favored by Michael "The Situation" Sorrentino, one of the stars of the reality show "Jersey Shore." And Abercrombie allegedly wants Sorrentino out of its clothes so badly that it's willing to pay him for it.
The company said that it offered Sorrentino a "substantial payment" to wear something else and that it's "urgently awaiting a response." Company shares are down more than 8% Wednesday, by the way.
So what's so wrong, exactly, with The Situation wearing Abercrombie? The company says "this association is contrary to the aspirational nature of our brand" and "may be distressing to many of our fans."
Chart patterns show the recent price decline is just a correction within a long-term uptrend.
Star investment managers purchased technology and energy stocks while paring financial holdings.
By Chris Stuart, TheStreet
Wall Street's brightest investment minds were required to release their holdings this week, giving mere mortals insight into their strategies.
Here's a breakdown of the top hedge fund and investment managers, and the winning and losing industries and stocks during the second quarter, the latest for which information is available.
In financials, Appaloosa Management, a top-performing hedge fund firm run by David Tepper, cut its bank stock holdings by 6%. Tepper reduced his stake in Bank of America (BAC) by 42%. Citigroup (C) is still Appaloosa's biggest holding, as the hedge fund holds 7.2 million shares. In the quarter, the fund trimmed the stake by 5%.
Consumer spending, corporate spending and the game-changing iPad are making life difficult for the veteran PC maker these days.
By Jeff Reeves, Editor, InvestorPlace.com
Dude, who's getting a Dell (DELL) these days? From recent financial reports, it looks like only a precious few consumers.
Founder and CEO Michael Dell announced Tuesday a meager growth projection of just 1% to 5% on the year, and Dell shares took a tumble. Shares were off about 8% Wednesday morning.
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[BRIEFING.COM] S&P futures vs fair value: -1.30. Nasdaq futures vs fair value: -2.50. U.S. equity futures hover near their pre-market lows amid cautious action overseas. The S&P 500 futures trade one point below fair value.
Reviewing overnight developments:
- Asian markets ended on a mixed note. Japan's Nikkei +1.1%, China's Shanghai Composite -0.3%, and Hong Kong's Hang Seng -1.0%.
- In economic data:
- China's HSBC Manufacturing PMI ticked up ... More
- In economic data:
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